|Bid||71.54 x 900|
|Ask||0.00 x 900|
|Day's Range||71.56 - 71.74|
|52 Week Range||58.00 - 71.74|
|Beta (3Y Monthly)||0.25|
|PE Ratio (TTM)||28.52|
|Earnings Date||Nov 5, 2018|
|Forward Dividend & Yield||1.80 (2.51%)|
|1y Target Est||70.00|
CenterPoint Energy's (CNP) acquisition of Vectren for $6 billion will lead to a new company serving more than 7 million customers across the United States.
EVANSVILLE, Ind., Oct. 09, 2018 -- Vectren Corporation (NYSE: VVC) will announce its 2018 third quarter results after the market closes on Monday, November 5, 2018. Vectren.
Moody's Investors Service ("Moody's") changed the rating outlook of Vectren Utility Holdings, Inc. (VUHI) and its subsidiaries, Indiana Gas Company, Inc. (IGC) and Southern Indiana Gas & Electric Company (SIGECO), to negative from stable. All ratings, including VUHI's A2 senior unsecured rating and Prime-1 short-term rating for commercial paper, IGC's A2 senior unsecured rating, and SIGECO's A2 Issuer Rating were affirmed.
“We are pleased by the FERC’s decision today to approve the merger between Vectren and CenterPoint Energy, moving us closer to finalizing the transaction,” said Carl Chapman, Chairman, President and CEO of Vectren. The merger previously received Vectren shareholder approval in August. While neither Indiana nor Ohio has approval authority over the merger, informational proceedings with regulators in both states have been initiated, and the Indiana Utility Regulatory Commission has set a schedule for the review of information voluntarily submitted by the companies related to the merger, including a hearing on October 17, 2018.
CenterPoint Energy (CNP) rose 3.6% after J.P. Morgan upgraded it from neutral to overweight on September 5. J.P. Morgan Chase also raised CenterPoint Energy’s price target from $29.0 to $31.0.
Moody's Investors Service ("Moody's") upgraded the senior unsecured rating of CenterPoint Energy Resources Corp. (CERC) to Baa1 from Baa2 and affirmed its Prime-2 short-term rating for commercial paper. "The upgrade reflects the reduction in CERC's business risk effected through the internal spin of its GP and LP interests in Enable Midstream Partners to a new intermediate holding company - CenterPoint Energy Midstream" said Robert Petrosino, Moody's Vice President -- Senior Analyst.
Vectren's (VVC) stakeholders approve the proposed merger with 61.6% of total outstanding shareholders casting votes in favor of the move.
Shareholders of Vectren Corporation (VVC) today approved the merger of CenterPoint Energy and Vectren Corporation during a special shareholders meeting held to conduct a vote on matters relating to the proposed merger. The proposal to approve the merger was supported by 61.6 percent of Vectren Corporation’s outstanding common shares entitled to vote, or more than 95 percent of the shares voted.
All interested parties may listen to a live audio-only webcast that will be available on Vectren’s Investor Relations homepage, investors.vectren.com, by clicking on the “Vectren’s 2018 Special Shareholders’ Meeting” webcast link near the top of the page. Vectren Corporation (VVC) is an energy holding company headquartered in Evansville, Ind. Vectren’s energy delivery subsidiaries provide gas and/or electricity to more than 1 million customers in adjoining service territories that cover nearly two-thirds of Indiana and about 20 percent of Ohio, primarily in the west central area.
Moody's Investors Service ("Moody's") has assigned a Baa3 rating to CenterPoint Energy, Inc.'s (CenterPoint, Baa1 senior unsecured) approximately $500 million issuance of Series A Preferred Stock. The proceeds from the issuance will be used to help fund a portion of CenterPoint's $8.5 billion acquisition of Vectren Corp. (Vectren, not rated) that is expected to close by 31 March 2019.
NEW YORK, NY / ACCESSWIRE / August 2, 2018 / Vectren Corporation (NYSE: VVC ) will be discussing their earnings results in their Q2 Earnings Call to be held on August 2, 2018 at 2:00 PM Eastern Time. To ...
The Evansville, Indiana-based company said it had profit of 27 cents per share. Earnings, adjusted for asset impairment costs and costs related to mergers and acquisitions, were 56 cents per share. The ...
EVANSVILLE, Ind., Aug. 01, 2018-- Vectren Corporation today reported results for the three months ended June 30, 2018 of $22.2 million, or $0.27 per share, compared to earnings of $37.6 million, or $0.45 ...
EVANSVILLE, Ind., Aug. 01, 2018-- Vectren Corporation announced the Board of Directors declared a quarterly common stock dividend of 45 cents per share, the same as last quarter which reflected the 7.1 ...
Under evaluation this morning are FuelCell Energy Inc. (NASDAQ: FCEL), Public Service Enterprise Group Inc. (NYSE: PEG), Vectren Corp. (NYSE: VVC), and Xcel Energy Inc. (NASDAQ: XEL). On Thursday, shares in Danbury, Connecticut headquartered FuelCell Energy Inc. saw a decline of 1.38%, ending the day at $1.43.